Latest Release:

Commercial Space – Q2 2022

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Through the first half of 2022, Silicon Valley’s commercial space indicators paint a complex picture through diverging trends, according to the latest analysis from Joint Venture Silicon Valley’s Institute for Regional Studies, in partnership with JLL Silicon Valley in their third-quarter.

Leasing volume within the region showed a surprising uptick, slightly outpacing last year’s figures and running counter to increasing vacancy rates. The pandemic-period trend toward leasing of smaller spaces continued. Asking rents have plateaued despite outsized levels of inflation reported this year, indicating a reluctance for landlords to raise rents in order to remain competitive in the market.

An uptick in leasing volume paired with a larger uptick in the number of leases continues a surprising but rational trend of a decreasing average amount of space per lease.

Although the list of construction completions remains short in Q2 2022, the magnitude of these construction projects buoyed the completion figures in square feet.

The trajectory of asking rents has nearly flattened for all commercial space types, which may help tenants absorb inflation-related increases in operating costs.

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Data Releases:

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Unemployment
(September 16, 2022)

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Unemployment
(August 22, 2022)

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Unemployment
(July 25, 2022)

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Unemployment
(June 17, 2022)

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Unemployment
(May 20, 2022)

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Unemployment
(April 15, 2022)

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Unemployment
(March 25, 2022)

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Unemployment
(March 11, 2022)

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Unemployment
(January 21, 2022)

data release: Unemployment (December 2021)

Unemployment
(December 17, 2021)

data release: Unemployment (November 2021)

Unemployment
(November 19, 2021)

data release: Unemployment (October 2021)

Unemployment
(October 20, 2021)

data release: Unemployment (August 2021)

Unemployment
(August 20, 2021)

data release: Unemployment (July 2021)

Unemployment
(July 16, 2021)

data release: IPOs

IPOs
(July 15, 2021)

data release: Unemployment (June 2021)

Unemployment
(June 18, 2021)

data release: Unemployment (May 2021)

Unemployment
(May 21, 2021)

data release: Unemployment (April 2021)

Unemployment
(April 16, 2021)

data release: Unemployment (December 2020)

Unemployment
(December 18, 2020)

data release: Unemployment (November 2020)

Unemployment
(November 20, 2020)

data release: Unemployment (October 2020)

Unemployment
(October 16, 2020)

data release: Stock Market (October 2020)

Stock Market
(October 6, 2020)

data release: Unemployment (September 2020)

Unemployment
(September 18, 2020)

data release: Unemployment (August 2020)

Unemployment
(August 21, 2020)

data release: Unemployment (July 2020)

Unemployment
(July 17, 2020)

Trending: Bay Area Public Interest Topics

Trending: Bay Area Public Interest Topics
(July 16, 2020)

data release: Regional Response Funds

Regional Response Funds
(July 7, 2020)

data release: IPOs

IPOs
(June 26, 2020)

data release: Unemployment (June 2020)

Unemployment
(June 19, 2020)

data release: Unemployment (May 2020)

Unemployment
(May 22, 2020)

data release: Bay Area Consumer Price Index

Consumer Price Index
(May 15, 2020)

data release: May Hiring

Hiring
(May 11, 2020)

data release: Layoffs

Layoffs
(May 1, 2020)

data release: Stock Market

Stock Market
(April 28, 2020)

data release: Consumer Spending

Consumer Spending
(April 27, 2020)

data release: Unemployment (April 2020)

Unemployment
(April 17, 2020)

data release: April Hiring

Hiring
(April 3, 2020)

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Back-to-School
(August 2019)

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Power Emissions
(July 2019)

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EV Adoption
(April 2019)

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Megacommuting
(November 2016)

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Birthrate
(March 2018)

Institute Research Reports:

Quantitative Assessment Study: Palo Alto Businesses & Economic Activity

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COVID-19 Impacts: Transportation, Emissions & Air Quality

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California Regulations and Employment

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Driving Clean Energy
Adoption

Trends Affecting Workforce Development

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Sunnyvale Community Solar Array Development

Research Briefs:

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Homeownership in Santa Clara County

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Silicon Valley Multifamily Housing

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Food Insecurity & Distribution

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Preparing for a Silicon Valley Retirement Surge

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Silicon Valley Employment Trends Through 2016

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Silicon Valley’s Local Elected Officials

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Income Inequality in the San Francisco Bay Area

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Population Growth in
Silicon Valley

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Poverty in the
San Francisco Bay Area

Commercial Space Reports:

Silicon Valley Commercial Space Q2 2022 cover

Silicon Valley
Commercial Space
Q2 2022

Silicon Valley Commercial Space Q1 2022 cover

Silicon Valley
Commercial Space
Q1 2022

Silicon Valley Commercial Space Q3 2021 cover

Silicon Valley
Commercial Space
Q3 2021

Silicon Valley Commercial Space Q2 2021 cover

Silicon Valley
Commercial Space
Q2 2021

Silicon Valley Commercial Space Q1 2021 cover

Silicon Valley
Commercial Space
Q1 2021

Silicon Valley Commercial Space Q3 2020 cover

Silicon Valley
Commercial Space
Q3 2020

Silicon Valley Commercial Space Q2 2020 cover

Silicon Valley
Commercial Space
Q2 2020

Silicon Valley Commercial Space Q1 2020 cover

Silicon Valley
Commercial Space
Q1 2020

Silicon Valley Commercial Space Q3 2019 cover

Silicon Valley
Commercial Space
Q3 2019

Silicon Valley Commercial Space Q2 2019 cover

Silicon Valley
Commercial Space
Q2 2019

Silicon Valley Commercial Space Q1 2019 cover

Silicon Valley
Commercial Space
Q1 2019

Silicon Valley Commercial Space Q3 2018 cover

Silicon Valley
Commercial Space
Q3 2018

Silicon Valley Commercial Space Q1 2018 cover

Silicon Valley
Commercial Space
Q1 2018

Silicon Valley Commercial Space Q3 2017 cover

Silicon Valley
Commercial Space
Q3 2017

Silicon Valley Commercial Space Q2 2017 cover

Silicon Valley
Commercial Space
Q2 2017

Silicon Valley Commercial Space Q1 2017 cover

Silicon Valley
Commercial Space
Q1 2017

Peninsula Economic Updates 2016-2018:

The Peninsula Economy - July 2018 report cover

The Peninsula Economy
(July 2018)

The Peninsula Economy - July 2017 report cover

The Peninsula Economy
(July 2017)

The Peninsula Economy - November 2016 report cover

The Peninsula Economy
(November 2016)

The Peninsula Economy - June 2016 report cover

The Peninsula Economy
(June 2016)

The Peninsula Economy - April 2016 report cover

The Peninsula Economy
(April 2016)

Silicon Valley Polls:

2021 Poll

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Silicon Valley Indexes:

2022 Index

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2021 Index

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2020 Index

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2019 Index

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2018 Index

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2017 Index

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2016 Index

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2015 Index

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2014 Index

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2013 Index

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2012 Index

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2011 Index

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2010 Index

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2009 Index

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2008 Index

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2007 Index

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2006 Index

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2005 Index

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2004 Index

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2003 Index

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2002 Index

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2000 Index

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1999 Index

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1998 Index

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1997 Index

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1996 Index

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1995 Index

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